Trading activity in China's export hot-rolled coil market was subdued on Wednesday December 12 as buyers adopted a wait-and-see position amid rising domestic prices.
DomesticEastern China (Shanghai): 3,750-3,770 yuan ($543-546) per tonne, up 40-50 yuan per tonneNorthern China (Tianjin): 3,580-3,600 yuan per tonne, up 40-50 yuan per tonnePrices in Shanghai were higher amid stronger trading. While prices were mainly at around 3,750-3,760 yuan per tonne in the morning, they rose to 3,770 yuan per tonne in the afternoon as more buyers...